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Vikki [24]
3 years ago
5

Ryan estimates that he drove approximately 1,300 miles on business trips, but he can only provide written documentation of the b

usiness purpose for trips totaling 820 miles. what business expense amount can ryan deduct (if any) for these trips?
Business
1 answer:
Vanyuwa [196]3 years ago
7 0

Answer: The correct answer is the IRS deductible rate for 820 miles.

Explanation: In order to claim an item as a business expense you need to have documentation for the expense. In the case of mileage, there needs to be documentation for the trip. The amount that Ryan can write off is the IRS deductible amount per mile, which is .58 per mile in 2019 for 820 miles. This amount for 2019 is $475.60.

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How long and when do political caucuses last?
Damm [24]
First of all a meeting at which local members of a political party register their preference among candidates running for office or select delegates to attend a convention. Depending on the party, the caucuses could last from 2 to 3 hours. This caucuses <span>generally begin in either late-January or early-February, and ending about mid-June before the general election in November. </span>
5 0
3 years ago
Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and
garri49 [273]

Answer:

$47439.50

Explanation:

For a single tax payer if your taxable income range is $200,000 - $500,000 then your income tax is $45,689.50 + 35% of amount over $200,000 of taxable income.

Income tax liability = $45689.50+{ 205000-200000)×35%}

$45689.50+(5000×35/100)

$45689.50+(5000×0.35)

$45689.50+1750

= $47439.50

The income tax liability will be $47439.50

5 0
3 years ago
The Platinum Platform, in Dubuque, Iowa, sells high-quality, unique bedding that is a real value to upscale homes in the area. N
CaHeK987 [17]

Answer:

focused-differentiation

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question The Platinum Platform is utilizing a focused-differentiation strategy. This is a strategy that focuses on offering specific products that make the customer believe that the product is vastly superior to it's competitors even though prices are higher. This allows them to gain a competitive advantage in the market. Which is what Platinum Platform is doing by offering it's unique high quality bedding.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Read 2 more answers
Suppose that in a month the price of movie rentals decreases from​ $3.25 to​ $3. At the same​ time, the quantity of movie rental
Sergeeva-Olga [200]

Answer:

The correct answer is option a.

Explanation:

The initial price of movie rentals is $3.25.

The initial quantity is 100.

The price falls to $3.

This causes demand to rise to 120.

The price elasticity of demand a ratio of change in quantity demanded to change in price level.

The elasticity is calculated at -2.25, through the process given in images.

The price elasticity of demand here is greater than 1 which means it is elastic.

So, option a is the correct answer.

4 0
2 years ago
A bank has total interest income of $67 million and total noninterest income of $14 million. This bank has total interest expens
tresset_1 [31]

Answer:

$32 million

Explanation:

Data provided in the question:

Total interest income = $67 million

Total noninterest income = $14 million

Total interest expenses = $35 million

Total noninterest expenses (excluding PLL) = $28 million

Provision for loan losses = $6 million

Taxes = $5 million

Now,

Bank's net interest income = Total interest income - Total interest expenses

= $67 million - $35 million

= $32 million

7 0
3 years ago
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